WESPAC Advisors SoCal LLC Has $202,000 Position in Lockheed Martin Corporation $LMT

WESPAC Advisors SoCal LLC lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 90.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 405 shares of the aerospace company’s stock after selling 3,652 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Lockheed Martin were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth $34,000. MTM Investment Management LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $36,000. Finally, Kilter Group LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 2.7%

LMT opened at $496.77 on Monday. The firm has a market cap of $114.95 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.41 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s 50-day simple moving average is $470.79 and its 200-day simple moving average is $466.29. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Analyst Ratings Changes

LMT has been the topic of several research reports. UBS Group lowered their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Morgan Stanley restated an “equal weight” rating and set a $543.00 price objective (down from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Finally, Truist Financial increased their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $506.67.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.